4//SEC Filing
Berberi Ermelinda 4
Accession 0000950170-25-018066
CIK 0001605607other
Filed
Feb 10, 7:00 PM ET
Accepted
Feb 11, 5:09 PM ET
Size
6.3 KB
Accession
0000950170-25-018066
Insider Transaction Report
Form 4
Berberi Ermelinda
See Remarks
Transactions
- Award
LTIP Units
2025-02-07+11,821→ 11,821 total→ Common Stock (11,821 underlying)
Footnotes (2)
- [F1]LTIP Units earned upon the achievement of the performance hurdles pursuant to the 2022 Performance Program. Of the 11,821 LTIP Units earned, 5,910 LTIP Units vested on February 7, 2025, and the remaining 5,911 LTIP Units will vest on December 31, 2025.
- [F2]Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each vested LTIP Unit will be converted automatically into a common unit of limited partnership interest ("OP Unit") in Paramount Group Operating Partnership LP. Each OP Unit acquired upon conversion of a vested LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of one share of the Issuer's common stock, except that the Issuer may, at its election, acquire each OP Unit so presented for one share of common stock. Such OP Units are generally not redeemable without the consent of the Issuer until two years from the date of the grant. The conversion feature of vested LTIP Units and the redemption rights for OP Units do not have expiration dates.
Documents
Issuer
Paramount Group, Inc.
CIK 0001605607
Entity typeother
Related Parties
1- filerCIK 0001842377
Filing Metadata
- Form type
- 4
- Filed
- Feb 10, 7:00 PM ET
- Accepted
- Feb 11, 5:09 PM ET
- Size
- 6.3 KB